Skema US Inc

Analysis

Skema US Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Skema US Inc reported income of $6.9m and spending of $6.8m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.0m to $6.9m (+74%), an average of +15% a year. The sharpest change came in the year to August 2022, when income rose by 45%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Skema US Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Chicago Public Education Fund ($6.9m), Sewall Child Development Center Inc ($6.9m) and Rise Prep Mayoral Academy ($6.9m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $670k (9.8% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $11.0m against liabilities of $10.5m, net assets of $519k. It reported 12 employees.